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Homerun

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Homerun last won the day on May 9 2018

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  1. Thats the Liberal talking point to explain their monumental screw up, but pharmaceutical independence is not the reason we are 65th in the world in vaccinations. Of the 64 countries ahead of us, how many are manufacturing their own vaccines? 6 or 7 maybe. Israel doesn’t make any. We are behind because the Liberals waited until August to start ordering vaccines from Pfizer, Moderna etc. That put us behind most other Countries and because the Liberals have had a very poor relationship with the industry the last few years they are not about to do us any favours. Why did they wait? Virtue signalling is all this government cares about so they signed a deal with China in the spring. The deal blew up 3 days after they signed it but they waited 3 months to move to plan B. If we had a competent government we would be in the top 10 in the world now.
  2. I think that wiki is very out of date. Some of the items mentioned were sold off years ago. Transat AT currently owns some travel agencies and a piece of land in Mexico where they plan to build a hotel someday. That’s it. No hotel management business and no resorts. Here is what they say about the land in their most recent financials: The Corporation cannot currently forecast all the impacts of COVID-19 on its hotel development strategy, particularly the use of its land and the start of eventual construction work. However, the land in Mexico does not meet the required criteria to be presented as an asset held for sale. Given the uncertainty surrounding future use of the land, an assessment of the recoverable amount of the land in Mexico compared with its carrying amount has been made. The recoverable amount of the land was determined based on the fair value less costs to sell, according to a valuation prepared by an independent, external valuator as at October 12, 2020. The determined recoverable amount of the land in Mexico is less than its carrying amount. Accordingly, as at October 31, 2020, the Corporation recognized an impairment charge of $32.8 million related to its land in Mexico
  3. What property management side? This seems to be an urban myth from what I can see in the Transat financial statements.
  4. How are they leveraging for increased wages? Reducing hours is a layoff mitigation measure. The alternative would be to be like CUPE who ate their young. This would likely result in the order of 2000 layoffs instead of 600. The amount of training resulting from a layoff of this magnitude would likely take 2-3 years to complete and cost AC much more than a higher minimum monthly guarantee is costing. Then when things start to pick up again, you get to do a lot of this training over again as postions are re-instated plus train and requalify the 2000 pilots that were layed off. Bottom line is that the government is preventing airlines from operating their business so the airlines should be offered compensation.
  5. Kip, that has never happened. A guy put that on his parody website and a lot of people picked it up as a fact. Seems as though you did too.
  6. I don’t think Transat owns any hotels. They have some land in Mexico they want to develop.
  7. https://www-travelpulse-com.cdn.ampproject.org/c/s/www.travelpulse.com/news/impacting-travel/cdc-quietly-drops-recommendation-for-14-day-quarantine-after-traveling.amp
  8. Its roughly 7-8 per seat for a narrowbody. Widebodies have a higher daily utilization due to the nature of the flying. Add in some augmented routes and 10 per seat or 20 per frame is reasonable.
  9. The airline didn’t incur certain variable costs such as fuel and catering but they certainly incurred a lot of other costs, including labour and lease payments. Fuel, catering, nav charges account for roughly 30% of operating costs. So 70% of the cost of transporting you has already evaporated due in large part to governments preventing airlines from operating their businesses. If airlines had to refund all the non-refundable tickets, then you would see most of the industry under bankruptcy protection at the moment, thus turning those travel credits into creditor claims.
  10. In fairness, a lot of the flights could not operate because governments wouldn’t allow them to. How is that the airlines fault?
  11. Agreed. And he I think he said “might” as well. But a whole bunch of websites and people have interpreted this, incorrectly imo, as a near term “will”.
  12. AC’s 321’s, mainline anyway, barely have the range for YYZ-LAX/SFO. The 321’s being talked about for overseas are a different animal. A quick search indicates the NEO version increases range by 500nm to 3500. The LR gets you 4100-4500nm range and the newest XLR is 4700. Bottom line...I think you would at minimum require an ETOPS equipped 321 NEO for any YYZ/YUL- Western Europe mission.
  13. There aren’t any ETOPS 321’s in the fleet either or any with the range.
  14. It was repaid early. 2011 id I recall.
  15. I have heard this stated many times. But I have read through AT’s financials and I cannot find any evidence of this. They own some undeveloped land in Mexico that they would like to build a resort on but are yet to raise the funding to accomplish this. Do you have any reference? edit: was able to find this: In addition to maintaining strong business relations with thousands of hotels, Transat operates in the accommodations industry. In October 2017, it sold its 35% minority interest in Ocean Hotels to H10 Hotels with the aim of accelerating the development of its own hotel chain at South destinations. The Corporation currently holds a 50% stake in Rancho Banderas All-Suites Resort near Puerto Vallarta on the Mexican Pacific coast. The hotel now has 49 suites, and will expand this to 263 by 2018. Transat is firmly committed to becoming a full-fledged hotel operator in order to fully capitalize on its vertical-integration approach and have better control over its procurements.
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